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Spread Betting Market News
| Key market pointers, Thursday 28 April |
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| Written by Will Peters |
| Thursday, 28 April 2011 10:42 |
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Spread Betting bring you a roundup of key market snippets. So, here are some potentially game changing news snippets… US stocks ended higher in response to the US Federal Reserve ststement. The Dow ended up 95.6 points at 12,691.0 For those spread betting currencies, we see the US dollar has sold off sharply after the Fed's dovish statement to $1.6707 and Y81.61 The QE2 programme will end in June as planned and US Federal Funds rate will remain in the 0%-0.25% channel. "Its not clear we can get substantial improvements in payrolls without some additional inflation risk" said Bernanke. Standard Life interim management statement has reported strong growth in long term savings, SIPP, corporate pension and intstitutional fund sales. It reported group assets under management of £198.4bn. Whitbread has reported prelims for 2011 showing total revenues of £1.6bn and EPS of 126.73p with year end net debt of £487.9bn. Santander has reported Q1 profit of €2.11bn slightly missing estimates of €2.17bn. Pearson has reported revenues rose 9% to £1.03bn. The board expects sales, margins and earnings gains over 2011. McBride has cut £5m from full year profit forecasts. BSkyB reported it added 51,000 new customers with total clients of 10,15m. Operating profit rose to £261m. Astra Zeneca has reported Q1 EPS of $2.23 on revenues down 3.4% to $8.29bn. The board have confirmed EPS expectations between $6.90 to $7.20. Spread Betting will present more market updates shortly |
Spread Betting Lessons - Cut out the emotion!
Oh, and also a lesson why the Stop Loss is your Friend !
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Spread betting at a glance
- Spread betting is a financial product that allows retail and professional investors access to the widest possible number and types of exchange traded instruments.
- The spread betting company that you trade through is the market maker, the trader does not actually take ownership of any underlying product. Hence, most jurisdictions do not charge stamp duty on any gains.
- The notion that you don't actually own the product ensures spread betting platforms are able to almost instantaneously execute orders on behalf of their client.
- Spread betting is a leverage product, your money is able to realise you impressive gains as your earnings come in multiples of the actual change in the underlying product that you are trading.
- This is of course where spread betting can also go spectacularly wrong. Losses can be huge, therefore we advise those that are spread betting, or are looking to go into spread betting, to enter each trade with a well thought out strategy. This also means setting a pre-determined stop loss so that losses are cut at a manageable level.
- This website is here to offer more insight into this fascinating trading instrument.



